CURRENT AFFAIRS

India's startup ecosystem refers to the vibrant and dynamic network of entrepreneurs, startups, investors, incubators, accelerators, and supporting entities that drive innovation, business growth, and job creation in the country. 

A Living Wage refers to the minimum level of income necessary for a worker and their family to afford a basic but decent standard of living. 

The gig economy refers to a labour market where individuals undertake temporary, freelance, or on-demand jobs, often mediated by digital platforms such as Uber, Ola, Swiggy, Zomato, UrbanClap, Upwork, and Freelancer. 

The Insurance Regulatory and Development Authority of India (IRDAI) was established following the recommendations of the Malhotra Committee (1994), which critically examined the need for structural reforms in the insurance sector.

Launched by: National Sample Survey Office (NSSO), Ministry of Statistics & Programme Implementation (MoSPI).

In recent years, the trade war between major economies like the US and China has caused instability in the global trade system. Due to globalization, this instability is likely to have an impact on the Indian economy as well.

The TRIPS Agreement is the most comprehensive multilateral agreement on intellectual property rights (IPRs). 

The Human Development Report (HDR) is an annual publication by the United Nations Development Programme (UNDP), first launched in 1990.

The Multidimensional Poverty Index (MPI) is a composite measure of poverty that goes beyond income-based indicators. 

Gross Fixed Capital Formation (GFCF) refers to the net investment in fixed assets within an economy over a specified period.